EXETER HOSPITAL INC

EIN: 222674014 501(c)(3) Health Care

CHARLESTOWN, MA

Total Revenue
$336,038,286
Total Expenses
$307,985,618
Total Assets
$272,025,403
Net Assets
$199,943,859
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Financial Trends

Organization Details

Formation Year
1907
Legal Domicile
NH
Principal Officer
KEVIN TABB MD
Phone
6035806694
Tax Period
2023-10-01 to 2024-09-30

EXETER HOSPITAL INC, founded in 1907, is a major nonprofit in the Health Care sector that reported $336.0M in total revenue in fiscal year 2023. Expenses of $308.0M left a modest 8% surplus.

Mission

THE MISSION OF THE EXETER HOSPITAL INC. (EHI OR HOSPITAL) IS COMMITTED TO IMPROVING THE HEALTH OF THE COMMUNITIES SERVED BY PROVIDING HIGH QUALITY, PERSONALIZED HEALTH CARE WITH COMPASSION, DIGNITY AND RESPECT FOR PATIENT RIGHTS IN A COST EFFECTIVE AND SAFE ENVIRONMENT. EHI PROVIDES CARE TO PATIENTS IN THE COMMUNITIES WHERE THEY LIVE AND WORK AND PROVIDES CARE TO MEDICARE, MEDICAID AND ALL OTHER PATIENTS REGARDLESS OF THEIR RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, ANCESTRY, AGE, OR DISABILITY. EHI ACCOMPLISHES THIS MISSION IN CLOSE CONNECTION WITH THE OTHER MEMBERS OF THE BETH ISRAEL LAHEY HEALTH NETWORK OF AFFILIATES. IN ADDITION, AS PART OF ITS DEDICATION TO PROVIDING COMMUNITY BENEFITS, EHI IS COMMITTED TO WORKING IN PARTNERSHIP WITH RESIDENTS AND COMMUNITY LEADERS AS WELL AS CIVIC, SOCIAL AND MEDICAL ORGANIZATIONS FROM THE COMMUNITIES IT SERVES. EHI IS DEDICATED TO THE PLANNING, DEVELOPMENT, IMPLEMENTATION AND MONITORING OF PROGRAMS THAT ADDRESS THE HEALTH CARE NEEDS OF THE COMMUNITY AND OFFER CLINICAL, EDUCATIONAL AND FINANCIAL RESOURCES. THESE PROGRAMS ARE DESIGNED TO IMPROVE AWARENESS OF THE HEALTH CARE ISSUES IN THE COMMUNITIES SERVED AND INCREASE PARTICIPATION IN WELLNESS AND PREVENTATIVE HEALTH ACTIVITIES. FOR ADDITIONAL DETAIL, SEE FORM 990 SCHEDULE H. DURING THE FISCAL PERIOD COVERED BY THIS FILING, BETH ISRAEL LAHEY HEALTH (BILH) SERVED AS THE SOLE MEMBER OF ANNA JAQUES HOSPITAL (AJH), BETH ISRAEL DEACONESS MEDICAL CENTER, INC. (BIDMC), MOUNT AUBURN HOSPITAL (MAH), NEW ENGLAND BAPTIST HOSPITAL (NEBH), BETH ISRAEL DEACONESS HOSPITAL -- MILTON, INC. (MILTON), BETH ISRAEL DEACONESS HOSPITAL -- NEEDHAM, INC. (NEEDHAM), BETH ISRAEL DEACONESS HOSPITAL -- PLYMOUTH, INC. (PLYMOUTH), LAHEY HEALTH SHARED SERVICES (LHSS), LAHEY CLINIC FOUNDATION (LCF), WINCHESTER HOSPITAL (WINCHESTER), NORTHEAST HOSPITAL CORPORATION (NHC) WHICH INCLUDES BEVERLY, ADDISON GILBERT AND BAYRIDGE HOSPITALS, NORTHEAST BEHAVIORAL CORPORATION (NBHC), THE BETH ISRAEL LAHEY HEALTH PERFORMANCE NETWORK (BILHPN), EXETER HEALTH RESOURCES INC. (EHRI) AND THE BETH ISRAEL LAHEY HEALTH PHARMACY. THE LAHEY CLINIC FOUNDATION IN TURN SERVED AS THE SOLE MEMBER OF LAHEY CLINIC INC, AND LAHEY CLINIC HOSPITAL D/B/A LAHEY HOSPITAL AND MEDICAL CENTER (LHMC) AND EXETER HEALTH RESROUCES INC SERVED AS THE SOLE MEMBER OF EXETER HOSPITAL. EACH OF THE ENTITIES LISTED HERE MAY HAVE ALSO, IN TURN, SERVED AS MEMBER TO OTHER NETWORK AFFILIATES. BILH IS AN INTEGRATED HEALTH CARE SYSTEM COMMITTED TO EXPANDING ACCESS TO EXTRAORDINARY PATIENT CARE ACROSS EASTERN MASSACHUSETTS AND SOUTHERN NEW HAMPSHIRE AND ADVANCING THE SCIENCE AND PRACTICE OF MEDICINE THROUGH GROUNDBREAKING RESEARCH AND EDUCATION. THE BILH SYSTEM IS COMPRISED OF ACADEMIC AND TEACHING HOSPITALS, A PREMIER ORTHOPEDICS HOSPITAL, PRIMARY CARE AND SPECIALTY CARE PROVIDERS, AMBULATORY SURGERY CENTERS, URGENT CARE CENTERS, COMMUNITY HOSPITALS, HOMECARE SERVICES, OUTPATIENT BEHAVIORAL HEALTH CENTERS AND ADDICTION TREATMENT PROGRAMS. BILH'S COMMUNITY OF CLINICIANS, CAREGIVERS AND STAFF INCLUDES APPROXIMATELY 4,700 PHYSICIANS AND 39,000 EMPLOYEES.

Program Service Accomplishments

Program 1
Expenses: $267,372,269 Revenue: $330,215,601

OUTPATIENT CLINICS AND SERVICES EXETER HOSPITAL, INC. (EH) IS PART OF BETH ISRAEL LAHEY HEALTH, IS A 100-BED TAX EXEMPT, COMMUNITY-BASED HOSPITAL AND ONE OF THREE AFFILIATES OF EXETER HEALTH...

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OUTPATIENT CLINICS AND SERVICES EXETER HOSPITAL, INC. (EH) IS PART OF BETH ISRAEL LAHEY HEALTH, IS A 100-BED TAX EXEMPT, COMMUNITY-BASED HOSPITAL AND ONE OF THREE AFFILIATES OF EXETER HEALTH RESOURCES. EH IS COMMITTED TO PROVIDING HEALTH CARE SERVICES THAT ARE INNOVATIVE, PROGRESSIVE, AND FOCUSED ON QUALITY AND THE WELL-BEING OF PATIENTS. EXETER HOSPITAL'S SCOPE OF CARE ALLOWS IT TO OFFER COMPREHENSIVE HEALTH CARE SERVICES IN BREAST HEALTH, BIRTHING AND REPRODUCTIVE MEDICINE, CARDIOVASCULAR, OCCUPATIONAL AND EMPLOYEE HEALTH, ONCOLOGY AND ORTHOPEDICS. BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC OR MEDICAL CENTER), IS A NATIONALLY RECOGNIZED TERTIARY CARE ACADEMIC MEDICAL CENTER, IS A TEACHING HOSPITAL OF HARVARD MEDICAL SCHOOL AND A SISTER HOSPITAL OF EH. BIDMC IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED AND IS RECOGNIZED NATIONALLY FOR THE CLINICAL EXCELLENCE OF ITS FACULTY AND THE PATIENT CARE PROVIDED, AS WELL AS FOR THE MAGNITUDE AND BREADTH OF ITS RESEARCH AND FOR ITS COMMITMENT TO MEDICAL EDUCATION. MANY BIDMC PHYSICIANS ALSO HOLD APPOINTMENTS AT HARVARD OR OTHER MAJOR MEDICAL SCHOOLS AND ARE TIED CLOSELY WITH THEIR COLLEAGUES AT OTHER ACADEMIC MEDICAL CENTERS. PATIENTS AT BIDN HAVE SEAMLESS ACCESS TO BIDMC WHEN NEEDED. DURING THE PERIOD COVERED BY THIS FILING, EXETER HOSPITAL HAD 235,968 OUTPATIENT ENCOUNTERS. THIS INCLUDED 1,430 OBSERVATION CASES, 1,995 PAIN CLINIC VISITS, 4,385 WOUND CENTER VISITS, 5,536 OUTPATIENT AMBULATORY SURGERIES, 7,831 OUTPATIENT ENDOSCOPY VISITS, 29,225 OUTPATIENT ONCOLOGY VISITS, 15,996 OUTPATIENT ONCOLOGY INFUSIONS, 3,947 OUTPATIENT EKG EXAMS, 1,691 OUTPATIENT ORTHOPEDIC PROCEDURES, 27,897 OUTPATIENT RADIOLOGY EXAMS, 18,559 OUTPATIENT CT SCANS, 16,175 OUTPATIENT ULTRASOUNDS, 7,478 OUTPATIENT MRIS, 1,114 OTHER NUCLEAR MEDICINE TESTS, 15,389 BREAST IMAGING EXAMS, 430,848 OUTPATIENT LAB TESTS, 88,718 OUTPATIENT REHABILITATION/PHYSICAL THERAPY VISITS, AND 46,996 OTHER TESTS AND PROCEDURES.

Program 2

INPATIENT MEDICAL / SURGICAL AND INTENSIVE CARE EH PROVIDES A WIDE RANGE OF INPATIENT CARE INCLUDING SURGICAL SERVICES, INTENSIVE AND CARDIAC CARE AND COMPLETE DIAGNOSTIC FACILITIES. EH'S INPATIENT...

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INPATIENT MEDICAL / SURGICAL AND INTENSIVE CARE EH PROVIDES A WIDE RANGE OF INPATIENT CARE INCLUDING SURGICAL SERVICES, INTENSIVE AND CARDIAC CARE AND COMPLETE DIAGNOSTIC FACILITIES. EH'S INPATIENT FACILITIES INCLUDE MEDICAL/SURGICAL BEDS AS WELL AS INTENSIVE AND CARDIAC CARE BEDS. SURGICAL SERVICES ARE AVAILABLE 24 HOURS A DAY FOR CRITICALLY ILL OR INJURED PATIENTS REQUIRING IMMEDIATE SURGICAL INTERVENTION, OR FOR OTHER PATIENTS ON A NON-EMERGENT OR ELECTIVE BASIS. EH'S HIGHLY QUALIFIED SURGEONS PERFORM A WIDE RANGE OF SURGERIES COVERING MANY SURGICAL SUBSPECIALTIES. PATIENTS ARE UNDER THE CARE OF MEDICAL STAFF, HOSPITALISTS AND/OR GENERAL SURGEONS ALONG WITH NURSES WHO ARE TRAINED IN CARING FOR PATIENTS WITH COMPLEX MEDICAL NEEDS. THE NURSING CARE TEAM CONSISTS OF REGISTERED NURSES, SURGICAL TECHNICIANS AND QUALIFIED ANCILLARY PERSONNEL WORKING COLLABORATIVELY WITH SURGICAL AND ANESTHESIA PHYSICIANS. THE SCOPE OF NURSING PRACTICE IN THE PERIOPERATIVE AREA INCLUDES PREOPERATIVE ASSESSMENT AND PLANNING, INTRA-OPERATIVE INTERVENTION, POSTOPERATIVE ASSESSMENT AND INTERVENTION, DISCHARGE PLANNING AND DOCUMENTATION TO ENSURE HIGH QUALITY PATIENT CARE AND SAFETY. DURING ITS FISCAL YEAR ENDED SEPTEMBER 30, 2024 BIDN HAD 5,297 INPATIENT DISCHARGES WITH 24,334 PATIENT DAYS, PERFORMED 862 INPATIENT SURGERIES, AND 619 NEWBORN DELIVERIES.

Program 3

EMERGENCY DEPARTMENT EH OPERATES AN EMERGENCY DEPARTMENT (ED) WHICH IS OPEN TO ALL PATIENTS IN NEED OF EMERGENT CARE, REGARDLESS OF ABILITY TO PAY. THE ED IS OPEN 24 HOURS A DAY, 7 DAYS A WEEK, 365...

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EMERGENCY DEPARTMENT EH OPERATES AN EMERGENCY DEPARTMENT (ED) WHICH IS OPEN TO ALL PATIENTS IN NEED OF EMERGENT CARE, REGARDLESS OF ABILITY TO PAY. THE ED IS OPEN 24 HOURS A DAY, 7 DAYS A WEEK, 365 DAYS A YEAR. DURING THE FISCAL YEAR COVERED BY THIS FILING, EH HAD 28,447 EMERGENCY DEPARTMENT VISITS. IN ADDITION TO THE PROGRAM SERVICE ACCOMPLISHMENTS NOTED ABOVE, THE BILH NETWORK HAD SIGNIFICANT ACTIVITIES ACROSS ENTITIES RELATED TO BOTH BEHAVIORAL HEALTH AND OTHER HEALTHCARE INITIATIVES. SEE THE NARRATIVE SUPPORT FOR SCHEDULE H FOR ADDITIONAL DETAILS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,318,440
Program Service Revenue $330,124,783
Investment Income $2,516,067
Other Revenue $78,996
TOTAL REVENUE $336,038,286

Expense Breakdown

Grants Paid $1,659,007
Salaries & Benefits $138,845,842
Fundraising Expenses $98,157
Program Expenses $267,372,269
Other Expenses $167,382,612
TOTAL EXPENSES $307,985,618

Year-over-Year Comparison

2023 2022 Change
Revenue $336,038,286 $319,580,564 +0.1%
Expenses $307,985,618 $307,563,236 +0.0%
Net Income $28,052,668 $12,017,328 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
9
Employees
1952
Volunteers
16

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$11,126,193
Total Directors
14
$8,506,747
Key Employees
6
$2,581,820
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROWAN MICHAEL TTEE(CEO DESIG) EVP HOS&AMBSVCS BILH 1.00
Director
$0 $2,401,778 $4,703,895
SHORETT PETER TTEE (SR EXECUTIVE VP & COO, BILH) 1.00
Director
$0 $48,246 $1,607,722
CRESTA DEBRA TRUSTEE & PRESIDENT (PRESIDENT, EHR) 1.00
Officer Director
$0 $16,277 $1,115,031
HOLLISTER MD RICHARD TRUSTEE (PRESIDENT, MEDICAL STAFF) 1.00
Director
$0 $52,610 $681,702
PANGAN MD MICHAEL TRUSTEE 1.00
Director
$0 $54,171 $398,397
CASE AMY TRUSTEE & VICE CHAIR 1.00
Officer Director
$0 $0 $0
EBERLE ROBERT CHAIR & TRUSTEE 1.00
Officer Director
$0 $0 $0
CARUCCI DEAN TTEE (BILH DIV PRESIDENT, COMMUNITY) 1.00
Director
$0 $0 $0
DESJARDINS RET MAJ GEN SUSAN Y TRUSTEE 1.00
Director
$0 $0 $0
DOMINGUEZ PHD CYNTHIA TRUSTEE 1.00
Director
$0 $0 $0
FALCK ESQ DAVID TRUSTEE 1.00
Director
$0 $0 $0
FARMER JR CHARLES DAVIS TRUSTEE 1.00
Director
$0 $0 $0
HEVERT ROBERT TRUSTEE 1.00
Director
$0 $0 $0
TOUMPAS NICK TRUSTEE 1.00
Director
$0 $0 $0
TABB MD KEVIN CHIEF EXECUTIVE OFFICER (CEO, BILH) 1.00
Officer
$0 $1,097,028 $5,410,415
RIOS CINDY TREAS (EXECUTIVE VP & CFO, BILH) 1.00
Officer
$0 $217,736 $1,689,163
KATZ ESQ JAMIE CLERK; GENERAL COUNSEL, BILH 1.00
Officer
$0 $32,002 $1,302,177
CASASSA ALLISON J ASSISTANT TREASURER & CFO 1.00
Officer
$0 $23,250 $708,497
SPRAUER ESQ CONSTANCE D ASSISTANT CLERK (SVP LEGAL AFFAIRS) 1.00
Officer
$0 $35,480 $570,929
BOYD ESQ STEPHEN ASST CLERK (DIV VP DEP GC COMM BILH) 1.00
Officer
$0 $15,921 $329,981
ABRAMSON ESQ MICHAEL S ASST CLERK (ASSOC GEN COUNSEL, BILH) 1.00
Officer
$0 $0 $0
MCKINNEY DONNA VP ACUTE CARE, CHIEF NURSING EXEC 55.00
Key Emp
$573,403 $51,557 $624,960
O'NEIL SEAN COO & VP, AMBULATORY CARE 55.00
Key Emp
$520,947 $63,560 $584,507
BRINDAMOUR MD LUKE CHIEF MEDICAL OFFICER 55.00
Key Emp
$412,776 $29,587 $442,363
LEVESQUE SHANNON VP, HUMAN RESOURCES 1.00
Key Emp
$0 $45,108 $440,032
GARGANTA AARON SENIOR DIR ENG. & PHYS. ENVIRONMENT 55.00
Key Emp
$234,718 $14,383 $249,101
SAVOIE MICHELLE INTERIM VP ACUTE CARE, CHIEF NURSE 55.00
Key Emp
$197,845 $43,012 $240,857
THOMAS CHARLES EXECUTIVE DIRECTOR, HUMAN RESOURCES 55.00
Highest
$286,382 $61,925 $348,307
CALLAHAN SUSAN DIRECTOR, COMPENSATION AND BENEFITS 55.00
Highest
$281,326 $45,517 $326,843
GAGNE NOLAN PHYSICIST CHIEF 55.00
Highest
$275,529 $50,760 $326,289
MEISNER JEFFREY SENIOR DIRECTOR, REHAB SERVICES 55.00
Highest
$258,126 $61,147 $319,273
WAGNER ABIGAIL SENIOR DIRECTOR, SURGICAL SERVICES 55.00
Highest
$242,868 $44,408 $287,276
CALLAHAN KEVIN J FORMER TRUSTEE, CEO & PRESIDENT 0.00
$0 $367,707 $2,116,778
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $336,038,286 $307,985,618 $272,025,403 $28,052,668
2023 $319,580,564 $307,563,236 $257,188,839 $12,017,328
2022 $319,159,260 $303,597,769 $282,631,034 $15,561,491
2021 $318,717,288 $268,574,622 $369,586,384 $50,142,666
2020 $280,988,340 $261,150,046 $314,845,316 $19,838,294
2019 $303,921,048 $252,278,042 $285,871,430 $51,643,006
2018 $271,185,172 $234,676,253 $285,647,104 $36,508,919
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